Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said that the fifth edition of the Export Potential Exhibition of the Islamic Republic of Iran (Iran EXPO 2023) is going to help Iran boost its non-oil exports. Iran EXPO 2023 is set to be held at Tehran Permanent International Fairgrounds …
Read More »Iran’s Annual Export to UAE Rises 28%
The value of Iran’s non-oil export to the United Arab Emirates (UAE) rose 28 percent in the past Iranian calendar year 1401 (ended on March 20), the spokesman of Trade Development Committee of the Iranian House of Industry, Mining, and Trade announced. Ruhollah Latifi said that importing non-oil goods worth …
Read More »Iran’s Gas Export Value Rises 79% in 2022
Iran’s gas export rose 79 percent in terms of worth, and 10 percent in terms of amount, in 2022, the managing director of National Iranian Gas Company (NIGC) announced. Majid Chegeni also announced that the country’s gas swap experienced a 530 percent rise in terms of value, and a 358 …
Read More »NIOC to Implement Oil, Gas Production Rise Projects to Materialize Motto of Year
The managing director of National Iranian Oil Company (NIOC) emphasized the efforts of this company to realize the slogan of this Iranian calendar year (began on March 21) and said during the activity of the Ministry of Oil in the 13th government, increasing production in the oil and gas sector …
Read More »A New Record High to be Hit in Iran’s Oil Export this Year
Iranian Oil Minister Javad Oji said that a new record high will be reached in the country’s oil export in the current Iranian calendar year 1402 (began on March 21). The country’s oil export in 1401 was 83 million barrels more than that of 1400, and 190 million barrels more …
Read More »Average Daily Gasoline Consumption Rises 11% in a Year
Average daily gasoline consumption in Iran rose 11 percent in the past Iranian calendar year 1401 (ended on March 20), according to the managing director of the National Iranian Oil Refining and Distribution Company (NIORDC). Jalil Salari also said that the country’s average daily gasoline production has reached 115 million …
Read More »Oil Min: SP Phase 11 to Go Operational within 2 Months
Iranian Oil Minister Javad Oji has said that phase 11 of the South Pars gas field development plant is going to go operational within the next two months, IRNA reported. “Considering the measures taken, production will start from phase 11 of South Pars in the next two months,” Oji told …
Read More »Iran’s 9-Month GDP Growth Stands at 3.3%: SCI
Iran’s gross domestic product (GDP) including oil grew 3.3 percent in the first nine months of the current Iranian calendar year (March 21 – December 21, 2022) compared to the same period last year, according to the Statistical Center of Iran (SCI). Based on the SCI data, the figure excluding …
Read More »Iran’s 11-Month Non-Oil Exports Rise over 12%
The value of Iran’s non-oil exports rose 12.22 percent during the first 11 months of the current Iranian calendar year (March 21, 2022-February 19, 2023), as compared to the same period of time in the past year. According to Mohammad Rezvani-Far, the head of the Islamic Republic of Iran Customs …
Read More »South Azadegan Oilfield Development Accelerated
South Azadegan oilfield is located 80 kilometers west of Ahvaz (the capital city of Iran’s southwestern Khuzestan province), near the Iraqi border. The oil reserves in this field are estimated to be around 25.34 billion barrels, and the recoverable oil is estimated to be around 1.7 billion barrels, taking into …
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